Real estate investors Dana E. Landry and William F.C. Moody sold their refurbished 1920s home at 240 Jungle Road to a trust.
The iconic Palm Beach home was sold for $ 14 million in an OTC deal at 240 Jungle Road in Palm BeachReal estate section.
1920s house the latter changed hands for $ 7.45 million in June 2019, followed by a major overhaul, in the courthouse and on display of construction documentation.
Longtime Palm Beach residents and real estate investors Dana E. Landry and William FX Moody have sold the home to a trust trustee of West Palm Beach attorney Ronald S. Kochman, according to a document signed Monday. Kochman declined to discuss the deal, and no other information about anyone else associated with 240 Jungle Road Trust was immediately available.
The six-bedroom home sits on a half-acre lot east of the lake and about half a mile south of Worth Avenue. The Norman Renaissance architecture is attributed to the renowned architect Maurice Fatio. According to the documentation, the apartment building has 7,472 square feet of living space, both inside and out.
Moody and Landry own a famous lakefront home near 3 Pelican Lane, a couple of homes from the Jungle Road property. According to the latest tax records for Palm Beach County, the men own a home on Pelican Lane.
Moody and Landry lived in a house on Jungle Road while they overhauled a house at 3 Pelican Lane that was damaged by a fire in 2018.
Landry and Moody are founding partners of Washington Fine Properties, a real estate agency that serves the Washington DC region. Landry is the agency’s lead broker and Moody is the managing partner. Landry is also a real estate broker who owns his own South Florida firm, Dana Edward Landry.
Landry confirmed that he was driving both sides of the deal on Jungle Road, but declined to comment further.
Kochman signed a 30-year mortgage on the property linked to a $ 8.4 million loan from JPMorgan Chase Bank. The mortgage was recorded on Monday along with the deed.
Two men bought the house in 2019 from Atlanta businessman and venture capitalist Holcombe T. Green, Jr. Green owned the property for only about eight months when he sold it for $ 750,000 less than he paid for it, according to property documents.
Brown Harris Stevens’ agent Anne Summers acted on Green’s behalf when he bought and sold the house, according to records at the local MLS. Landry handled the end of the buyers’ deal in 2019.
Moody and Landry bought many investment properties in Palm Beach and refurbished old houses on the island for their own use. They also bought properties across bridges, property records show.
The half-timbered façade of Jungle Road is typical of the Norman Renaissance residences designed by Fatio & Trainor, where Fatio was a junior partner in the late 1920s. A key feature of the hotel is a tower on the third floor with multiple windows overlooking the city, the Atlantic Ocean and the Intracoastal Waterway.
During the 2018 sale, agent Jim McCann of Premier Estate Properties negotiated a deal for the seller, a limited liability company linked to the family of the late Frank A. Miller, a Connecticut car dealer.
This is an evolving story. Keep for updates.